ESSO RONTEC PETROL FILLING STATION

  • Highly accessible location approximately 15 miles (24 km) to the north of Birmingham, at the heart of the UK’s national motorway network, with convenient access to the M6 (Toll), M6, M42 and M1
  • Prominent site on the busy roundabout junction of Watling Road (A5) and Walsall Road (A461)
  • Modern petrol filling station and convenience store comprising approximately 96 sq m (1,033 sq ft) on a 0.61 acre site
  • Let to Rontec Properties (No.4) Limited with a guarantee from Rontec Roadside Retail Limited (Dun & Bradstreet rating 5A1), with a Net Worth in excess of £500m
  • Lease expiring 24 December 2039, without break, providing an unexpired term of approximately 18.75 years
  • Producing an income of £101, 439 per annum (the vendor will top up to June 2021 fixed uplift)
  • Annual 2% fixed rental uplifts thereafter
  • Freehold

We are instructed to seek offers in excess of £1,660,000 (One Million, Six Hundred and Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 5.75%, assuming purchaser’s costs of 6.16%.

  • Prominent Filling Station
  • Adjacent to Sainsbury’s (without fuel)
  • Large site of 0.352 hectares (0.87 acres) offering potential expansion
  • Town centre location
  • Main route through to tourist attractions
  • Dealership with busy Petrol Station on main road
  • Showroom with supporting workshop and offices with extensive external parking
  • 0.53 hectare (1.30 acres)
  • Potential for alternative uses, subject to planning consent
  • Available immediately
  • Established motor dealership and petrol filling station
  • Suitable for a variety of uses, subject to planning
  • Prominent frontage to the B1515
  • 852.29 sq m on 0.47 hectare (9,174 sq ft on 1.16 acres)
  • Petrol station and yard on 0.25 hectare (0.63 acres)
  • Petrol station shop was recently gutted by fire but forecourt unaffected
  • Available on a new lease in part or in whole
  • Viewing day: Tuesday 22nd January 2019. Please confirm if you wish to attend